10-K Filing

APPlife Digital Solutions Inc CIK: 1755101 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001096906-21-002316`
Period End Date	20210630
Filing Date	20210927
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	alds-20210630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 32 Cash Flow Statement 74 Stockholders Equity 25

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$250.07K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$85.71K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	135.52M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$65.65K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	127.04M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	135.52M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	127.04M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$388.43K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$34.11K	USD	Point-in-time
Inventories	`InventoryNet`	$48.88K	USD	Point-in-time
Inventories	`InventoryNet`	$43.67K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$7.57K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	-	USD	Point-in-time
Total assets	`Assets`	$525.38K	USD	Point-in-time
Total assets	`Assets`	$333.06K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$113.47K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$266.32K	USD	Point-in-time
Common stock payable	`CommonStockPayable`	$80.00K	USD	Point-in-time
Common stock payable	`CommonStockPayable`	-	USD	Point-in-time
Notes payable - current, net	`NotesPayableCurrent`	$522.28K	USD	Point-in-time
Notes payable - current, net	`NotesPayableCurrent`	$595.24K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$28.58K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$248.17K	USD	Point-in-time
Due to officer	`DueToOfficersOrStockholdersCurrent`	$6.43K	USD	Point-in-time
Due to officer	`DueToOfficersOrStockholdersCurrent`	$6.43K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$896.56K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$970.35K	USD	Point-in-time
Notes payable - noncurrent, net	`LongTermNotesPayable`	-	USD	Point-in-time
Notes payable - noncurrent, net	`LongTermNotesPayable`	$786.92K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	-	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$1.68M	USD	Point-in-time
Total liabilities	`Liabilities`	$970.35K	USD	Point-in-time
Common stock, $0.001 par value, 500,000,000 shares authorized; 135,524,617 and 127,037,531 shares issued and outstanding as of June 30, 2021 and June 30, 2020, respectively	`CommonStockValue`	$127.04K	USD	Point-in-time
Common stock, $0.001 par value, 500,000,000 shares authorized; 135,524,617 and 127,037,531 shares issued and outstanding as of June 30, 2021 and June 30, 2020, respectively	`CommonStockValue`	$135.53K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.04M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.35M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-9.84M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-5.61M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-444.97K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.35M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$253.59K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$333.06K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$525.38K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$2.97K	USD	Annual
Revenue	`Revenues`	$4.95K	USD	Annual
Cost of goods sold	`CostOfGoodsAndServicesSold`	$1.83K	USD	Annual
Cost of goods sold	`CostOfGoodsAndServicesSold`	$3.68K	USD	Annual
Gross profit	`GrossProfit`	$1.14K	USD	Annual
Gross profit	`GrossProfit`	$1.27K	USD	Annual
Operating expenses	`OperatingCostsAndExpenses`	$3.26M	USD	Annual
Operating expenses	`OperatingCostsAndExpenses`	$3.72M	USD	Annual
Impairment of investment	`ImpairmentOfInvestments`	-	USD	Annual
Impairment of investment	`ImpairmentOfInvestments`	$500.06K	USD	Annual
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	-	USD	Annual
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-14.64K	USD	Annual
Total operating expenses	`OperatingExpenses`	$3.72M	USD	Annual
Total operating expenses	`OperatingExpenses`	$3.77M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-3.72M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-3.77M	USD	Annual
Interest expense	`InterestExpense`	$561.90K	USD	Annual
Interest expense	`InterestExpense`	$185.51K	USD	Annual
Loss on extension of notes payable	`GainsLossesOnExtinguishmentOfDebt`	$-41.21K	USD	Annual
Loss on extension of notes payable	`GainsLossesOnExtinguishmentOfDebt`	$-36.01K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$94.36K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$46.08K	USD	Annual
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.23M	USD	Annual
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.95M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-4.23M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.95M	USD	Annual
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.10	USD	Annual
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	Annual
Average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	32.98M	shares	Annual
Average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	40.38M	shares	Annual

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-4.23M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.95M	USD	Annual
Amortization	`DepreciationDepletionAndAmortization`	$293.50K	USD	Annual
Amortization	`DepreciationDepletionAndAmortization`	$126.44K	USD	Annual
Issuance of common stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$568.64K	USD	Annual
Issuance of common stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$1.09M	USD	Annual
Shares issued for prepayment penalty	`SharesIssuedForPrepaymentPenalty`	$-45.51K	USD	Annual
Shares issued for prepayment penalty	`SharesIssuedForPrepaymentPenalty`	-	USD	Annual
Loss on extension of notes payable	`LossOnExtensionOfNotesPayable`	-	USD	Annual
Loss on extension of notes payable	`LossOnExtensionOfNotesPayable`	$-41.21K	USD	Annual
Stock compensation expense	`AllocatedShareBasedCompensationExpense`	$2.06M	USD	Annual
Stock compensation expense	`AllocatedShareBasedCompensationExpense`	$2.01M	USD	Annual
Impairment of investment	`ImpairmentOfInvestments`	-	USD	Annual
Impairment of investment	`ImpairmentOfInvestments`	$500.06K	USD	Annual
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	-	USD	Annual
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-14.64K	USD	Annual
Common stock payable	`CommonStockPayable1`	$-416.00	USD	Annual
Common stock payable	`CommonStockPayable1`	-	USD	Annual
Loss on conversion of debt	`LossOnConversionOfDebt`	-	USD	Annual
Loss on conversion of debt	`LossOnConversionOfDebt`	$36.01K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$94.36K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$46.08K	USD	Annual
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.57K	USD	Annual
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$7.57K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$-354.31K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$388.43K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$43.67K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$5.20K	USD	Annual
Common stock payable	`IncreaseDecreaseInCommonStockPayable`	-	USD	Annual
Common stock payable	`IncreaseDecreaseInCommonStockPayable`	$54.76K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$191.53K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$36.79K	USD	Annual
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-818.63K	USD	Annual
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-627.39K	USD	Annual
Proceeds from notes payable	`ProceedsFromIssuanceOfLongTermDebt`	$620.00K	USD	Annual
Proceeds from notes payable	`ProceedsFromIssuanceOfLongTermDebt`	$1.05M	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$120.00K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Payment on notes payable	`RepaymentsOfLongTermDebt`	$185.00K	USD	Annual
Payment on notes payable	`RepaymentsOfLongTermDebt`	$9.51K	USD	Annual
Payment on amounts due to Smartrade	`PaymentOnAmountsDueToSmartrade`	$59.90K	USD	Annual
Payment on amounts due to Smartrade	`PaymentOnAmountsDueToSmartrade`	-	USD	Annual
Payment on amounts due to officer	`PaymentOnAmountsDueToOfficer`	-	USD	Annual
Payment on amounts due to officer	`PaymentOnAmountsDueToOfficer`	$3.15K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock1`	$-100.00K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock1`	-	USD	Annual
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$647.44K	USD	Annual
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$983.00K	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$164.37K	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$20.05K	USD	Annual
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$250.07K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$85.71K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$65.65K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$250.07K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$85.71K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$65.65K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for interest	`InterestPaid`	$16.15K	USD	Annual
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Conversion of notes payable to equity	`ConversionOfNotesPayableToEquity`	$5.12K	USD	Annual
Conversion of notes payable to equity	`ConversionOfNotesPayableToEquity`	-	USD	Annual
Eliminate derivative liability upon repayment of debt	`EliminateDerivativeLiabilityUponRepaymentOfDebt`	$13.59K	USD	Annual
Eliminate derivative liability upon repayment of debt	`EliminateDerivativeLiabilityUponRepaymentOfDebt`	$125.24K	USD	Annual
Derivative liability related to convertible debt	`DerivativeLiabilityRelatedToConvertibleDebt`	$288.01K	USD	Annual
Derivative liability related to convertible debt	`DerivativeLiabilityRelatedToConvertibleDebt`	-	USD	Annual
Issuance of common stock payable	`StockIssued1`	$25.24K	USD	Annual
Issuance of common stock payable	`StockIssued1`	-	USD	Annual
Capitalize accrued interest after amendment to notes payable	`CapitalizeAccruedInterestAfterAmendmentToNotesPayable`	-	USD	Annual
Capitalize accrued interest after amendment to notes payable	`CapitalizeAccruedInterestAfterAmendmentToNotesPayable`	$9.73K	USD	Annual
Equity component of issuance of convertible notes	`EquityComponentOfIssuanceOfConvertibleNotes`	-	USD	Annual
Equity component of issuance of convertible notes	`EquityComponentOfIssuanceOfConvertibleNotes`	$260.33K	USD	Annual
Payment of notes payable with issuance of common stock	`PaymentOfNotesPayableWithIssuanceOfCommonStock`	$74.97K	USD	Annual
Payment of notes payable with issuance of common stock	`PaymentOfNotesPayableWithIssuanceOfCommonStock`	-	USD	Annual

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$-444.97K	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$-1.35M	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$253.59K	USD	Point-in-time
Common stock issued for cash, Value	`StockIssuedDuringPeriodValueNewIssues`	$100.00K	USD	Annual
Common stock issued for cash, Value	`StockIssuedDuringPeriodValueNewIssues`	$120.00K	USD	Annual
Stock compensation, Value	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.01M	USD	Annual
Stock compensation, Value	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.06M	USD	Annual
Common stock issued for services, Value	`StockIssuedDuringPeriodValueIssuedForServices`	$1.09M	USD	Annual
Common stock issued for services, Value	`StockIssuedDuringPeriodValueIssuedForServices`	$568.64K	USD	Annual
Issuance of common stock payable	`StockIssued1`	$25.24K	USD	Annual
Issuance of common stock payable	`StockIssued1`	-	USD	Annual
Shares Issued For Prepayment Penalty	`SharesIssuedForPrepaymentPenalty`	$-45.51K	USD	Annual
Shares Issued For Prepayment Penalty	`SharesIssuedForPrepaymentPenalty`	-	USD	Annual
Payment of notes payable with issuance of common stock, Value	`DebtConversionConvertedInstrumentAmount1`	$116.18K	USD	Annual
Conversion of notes payable to equity, Value	`ConversionOfNotesPayableToEquityValue`	$43.00K	USD	Annual
Eliminate derivative liability upon repayment of debt	`EliminateDerivativeLiabilityUponRepaymentOfDebt`	$13.59K	USD	Annual
Eliminate derivative liability upon repayment of debt	`EliminateDerivativeLiabilityUponRepaymentOfDebt`	$125.24K	USD	Annual
Equity component of issuance of convertible notes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$260.33K	USD	Annual
Net loss	`NetIncomeLoss`	$-4.23M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.95M	USD	Annual
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$-444.97K	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$-1.35M	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$253.59K	USD	Point-in-time
Shares issued for prepayment penalty	`SharesIssuedForPrepaymentPenalty`	$-45.51K	USD	Annual
Shares issued for prepayment penalty	`SharesIssuedForPrepaymentPenalty`	-	USD	Annual

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.